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The addition of 71 new investment subaccounts managed by 23 leading U.S. investment managers brings the total number of variable account options in EliteDesigns to 269.
"Advisors nationwide have asked for more investment options to help manage market volatility and tax efficiency," said
Other market-leading managers of the newest EliteDesigns portfolios include Fidelity Investments, Ibbotson Investments, Pioneer Investments, Putnam Investments,
"We're very pleased to be able to offer these brand-new portfolios from investment firms that advisors respect," said Reidy. "For example, Dimensional, with over
Reidy added that the expansion is timely in light of impending increases to personal income tax rates and "today's investment environment." As investors, particularly those in the top tax brackets, look for cost-effective means to mitigate tax hikes, Reidy believes that EliteDesigns may make it easier for financial advisors to offer a ready-made yet customizable solution which may also help investors reach long term investment goals. EliteDesigns combines tax deferral with a fee structure well below that of the average variable annuity and imposes no surrender charges, redemption fees or trading limits (trading rules apply to certain subaccounts).
Reidy expects the increased number and variety of EliteDesigns' nontraditional and low-correlated investment options, such as the more than 50 alternative strategies, will be useful in creating meaningful strategic and tactical asset allocations that better address investors' loss aversion in the present post-crisis environment.
More information about EliteDesigns can be found at www.elitedesignsinvestments.com.
Annuities are long-term investments suitable for retirement investing.
You should consider the investment objectives, risks, and charges and expenses of the investment options available under the Variable Annuity carefully before investing. You may obtain a prospectus that contains this and other information about the investment options or Variable Annuity by calling our Service Center at 1-800-888-2461. You should read the prospectus carefully before investing. Investing in variable annuities involves risk and there is no guarantee of investment results.
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** Cogent Research's annual Advisor Brandscape report found that, among the over 1,700 financial advisors with at least
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